EQB (TSE:EQB) Price Target Raised to C$125.00

EQB (TSE:EQB) had its target price upped by research analysts at Scotiabank from C$122.00 to C$125.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 8.43% from the company’s previous close.

EQB has been the subject of several other reports. National Bank Financial set a C$120.00 price target on EQB and gave the company a “sector perform” rating in a report on Friday, May 15th. TD cut their price objective on EQB from C$132.00 to C$123.00 and set a “buy” rating on the stock in a report on Thursday. Raymond James Financial dropped their target price on EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a report on Friday. Jefferies Financial Group raised their target price on EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. Finally, Desjardins raised their target price on EQB from C$130.00 to C$132.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$122.50.

EQB Trading Down 1.4%

Shares of TSE:EQB traded down C$1.65 during trading on Monday, reaching C$115.28. 39,829 shares of the company traded hands, compared to its average volume of 133,725. The firm has a market capitalization of C$4.08 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 0.34 and a beta of 0.74. EQB has a 52-week low of C$83.93 and a 52-week high of C$126.51. The business’s fifty day moving average is C$115.94 and its 200-day moving average is C$108.30.

EQB (TSE:EQB) last released its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 earnings per share for the quarter. The firm had revenue of C$302.36 million during the quarter. EQB had a return on equity of 6.16% and a net margin of 6.61%. On average, sell-side analysts predict that EQB will post 12.5988235 earnings per share for the current fiscal year.

EQB Company Profile

EQB Inc formerly Equitable Group Inc trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.